US oil firm to invest Php200 Billion in the Philippines

MANILA, April 5 (PNA) -- A United States-based oil and gas exploration and production firm is eyeing to invest USD4.0 billion or about PHP200 billion in the Philippines.

Philippine Economic Zone Authority (PEZA) Director General Charito Plaza told reporters Wednesday OS Petro is eyeing for onshore and offshore oil and gas facility and refinery, particularly in one of the islands offered by private land owners.